Tuesday, May 10, 2011

20110511 Insurance Destroys Health Care

20110511 Insurance Destroys Health Care
http://bettersingapore.blogspot.com/2011/05/20110511-insurance-destroys-health-care.html

What Minister shared about $7 surgery is a reality of human behavior that may bring about collapse of health care, society – here or overseas.

Insurance made what is transparent, direct, become opaque, complex, intertwined, unmeasurable, unaccountable.
Those who are vocal, those who are rich, powerful, may pay $7 for a complex surgery.
The rest of the amount supported by the lessers.
  
Insurance is 
the application of  financial derivatives on our life, our very survival!

How can insurance not destroy health care? 


Insurance bring more financial people to manage a medical treatment.
What is directly between a doctor and his patient, becomes indirect, complex, opaque therefore not measurable, accountable.

It needs to pay companies of people who are not contributing to treatment, healing
  1. to promote sales
  2. to valuate claims and 
  3. to reward higher paid supervisors, managers, directors, presidents, board members, chairman
When it becomes opaque,
  1. It will perform ALL diagnostic tests, even unrelated tests, most expensive tests with most advanced machines.
  2. It will prescrib more expensive drugs, treatment.
  3. It will even extend your hospital stay, add charges so that you cross the minimal amount, and be totally paid by insurance.
  4. Obviously the purpose is to have more transaction, therefore total healing is not a priority.
Those who are vocal, those who are rich, powerful, may pay $7 for a complex surgery.
The rest of the amount supported by insurance.

Certainly this amount is not from the pocket of Insurance Companies.
It comes from the lesser, the speechless - insurance cost therefore skyrocket over time.

This is worse than Auto-car insurance.
Because there is a price for a replacement car.

Our bodies has no price, nor replacement - therefore same treatment can be charged millions time different.
There is no way to tell it is wrong, even with Director Medical Services, Ministers, Judges....



Insurance bring more financial people to manage a medical treatment.
Insurance made what is transparent, direct, become opaque,  complex, intertwined, unmeasurable, unaccountable.

 Insurance is 
the application of  financial derivatives on our life, our very survival!

How can insurance not destroy health care? 
.









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